According to a new report released by Allied Market Research, titled “In-person learning market By Course Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030,” The global in-person learning market was valued at $ 17,910.2 million in 2020 and is expected to reach $ 74,161.2 million by 2030, registering a CAGR of 10.0% from 2021 to 2030.
In-person learning generally encourages tutors, including professional trainers, to impart knowledge to students. Additionally, students are likely to retain more knowledge and skills in this learning to achieve achievement or desire goals. In addition, aggressive competition, increased health concerns, increased spending for improving living standards, high disposable income, and the availability of hands-on learning opportunities are some of the contributing factors. the growth of the in-person learning market.
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The increasing government initiatives to educate rural students in the Asia-Pacific market are expected to contribute exponentially to the market growth during the forecast period. Countries such as China, India and Indonesia provide lucrative growth opportunities for market players due to factors such as increasing disposable income, rapid urbanization, increasing number of business establishments. private education and the growing demand for quality education among students in clear competitions.
The outbreak of the COVID-19 pandemic in 2020 has had a huge and negative impact on the growth of the in-person learning market. During the COVID-19 pandemic, education and training institutions across the world closed their doors, impacting their operations. However, the majority of students have adopted digital learning platforms such as Unacadmey, Bjyu’s and many other online learning platforms. The rapid penetration of digital learning platforms across the globe has presented a more difficult challenge for market players operating in the market, and a large portion of the revenue lost during COVID is also expected to be lost. -19 never recovers due to increasing penetration of digital learning platforms.
According to the in-person learning market analysis, the market is segmented on the basis of course type, application, end user, and region. Based on the type of course, the market is categorized into academics, arts, sports as well as other education. Moreover, on the basis of the app, the market is categorized into home schooling and secondary school. On the basis of end user, the in-person learning market is fragmented into preschoolers, middle school, high school and college students. Regionally, the market is analyzed North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, Australia, Korea, India and rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia, United Arab Emirates and rest of LAMEA).
According to in-person learning market trends, by course type, the academics segment captured the highest market share in 2020, due to the availability of a greater variety of courses as well as the increasing participation of students from all over the world in different varieties of university courses in colleges, colleges and universities.
By application, the cram segment dominated the market with 80.9% in-person learning market share in 2020. This is attributable to factors such as the growing number of renowned universities and further liberalization to adopt. new techniques to facilitate student learning. .
According to the forecast of the in-person learning market, by end-user, the preschoolers segment is expected to be the fastest growing segment during the forecast period, owing to the growing concern of parents to develop their children’s basic skills before they enter the real world. The high school segment dominated the market in 2020, achieving a market share of 38.3%. The increased demand for upgrading skills to excel in their respective fields as well as to pass competitive exams are the main factors driving the growth of this segment.
The main market strategies implemented by market players include product launches, mergers and acquisitions, joint ventures, partnerships, acquisitions and geographic expansion. Product innovation is favored by the main market players in order to provide consumers with more innovative products. The major players in the global in-person learning market are Sylvan Learning, LLC., Wayzant, Inc. (IXL Learning), Kaplan, Inc., Eurocenters, INSEAD, British Study Centers, Triumphant Institute of Management Education pvt. Ltd, Vibrant Academy, Quadrangle Tutors, ITS Education Asia, The Learning Lab, and All A’s Tution Center.
Main conclusions of the study
- The global in-person learning market was valued at $ 17,910.2 million in 2020 and is expected to reach $ 74,161.2 million by 2030, registering a CAGR of 10.0% from 2021 to 2030.
- By course type, the academic was the largest contributor to the market, with $ 11.616.5 million in 2020, and is expected to reach $ 44,803.4 million by 2030, with a CAGR of 9.6% as of during the forecast period.
- By application, the cram school was the largest contributor to the market, with $ 14,495.8 million in 2020, and is expected to reach $ 59,365.4 million by 2030, with a CAGR of 10.3% as of during the forecast period.
- By end-user, the high school segment was the largest contributor to the market, with $ 6,861.3 million in 2020, and is expected to grow to $ 27,447.1 million by 2030, with a CAGR of 10.0% during the forecast period.
- By region, Asia-Pacific was the largest contributor of revenue, accounting for $ 5,835.1 million in 2020, and is expected to reach $ 26,534.9 million by 2030, with a CAGR of 11.4 %.